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Loyd Ivey, Mitek Corporation CEO

May 24, 2008

Loyd Ivey, Mitek Corporation CEO

Loyd Ivey is Chairman and CEO of Mitek Corporation, the "mothership" of MTX Audio, Xtant Technologies, Atlas Sound, Coustic Car Audio, Streetwires, Esoteric Audio USA, and DCM Loudspeakers. Mitek is a leading U.S. manufacturer of car, home, professional and commercial audio products, and for more than 30 years Mr. Ivey has been a major proponent and contributor to the advancement of the consumer electronics industry. Mr. Ivey is widely recognized for his innovative thinking and entrepreneurial success. He possesses an unparalleled passion for the industry and never acts without taking into consideration the more than 850 "partners" he employs in the Mitek facilities located in Illinois, Wisconsin, Arizona, Tennessee, and Texas.

As past chairman of the Mobile Electronics Division of CEMA, and Vice Chair of the Executive Committee of the CEMA Board of Directors, Mr. Ivey is an advocate for the industry’s growth and well being, as well as for consumers’ rights to enjoy music and the equipment for reproducing it.

Mr. Ivey also sponsors charitable organizations and fundraising events, such as rock and roll legend Alice Cooper’s Annual Celebrity Golf Tournament held in support of the Solid Rock Foundation, a non-profit group formed to keep teens safe from gangs, guns and drugs. Mr. Ivey also supports educational pursuits and entrepreneurial achievement by serving as a regional judge for the Students in Free Enterprise (SIFE) organization. Mr. Ivey is a major contributor to the Electronic Industries Foundation, the philanthropic arm of the Electronic Industries Alliance, which advances educational opportunities for a competent workforce, and to the National Systems Contractors Association (NSCA) education fund.

Awards/Associations: Vice Chair, Consumer Electronics Association Executive Board, 2001 National System’s Contractor Associatin (NSCA) Education Board Member, 2001 MTX named #24 on Phoenix Business Journal’s 2001 list of top 100 privately held companies in Arizona Mobile Electronics Certification Program (MECP) champion, 2000 Chairman of the Mobile Electronics Division of CEMA, 1999 - 2000 Named to Wideband Magazine’s List of "Influentials", 1999. Named 1998 Industry Contributor of the Year, by Mobile Electronics Retailer magazine Title sponsor of the MTX/ Alice Cooper Celebrity Golf Tournament, 1998/1999/2000 1998 Regional Judge for Students In Free Enterprise (SIFE) Inducted into DealerScope Magazine’s "Hall of Fame" for contributions to consumer electronics industry, 1997 Board of Directors, Consumer Electronics Manufacturers Association (CEMA) Mobile Electronics Division Board of Directors, Mobile Electronics Retailers Association (MERA) President, American Loudspeaker Manufacturers Association (ALMA), 1986 - 1988 Director, International Auto Sound Challenge Association (IASCA), 1985 - 1994 Business Leader of the Year, Rockford Magazine - 1991 Ranked number 57 among Inc. Magazine’s 500 Fastest Growing Companies - 1991 Mayor’s Image Award, Freeport, Illinois - 1991 Entrepreneur of the Year, Inc. Magazine, Ernst & Young/Merrill Lynch - 1990 Employer of the Year, Illinois Veterans of Foreign Wars - 1990

Special interests: Loyd is a licensed pilot and is an avid enthusiast of aviation, classic automobiles and motorcycles, anything to do with music and sound reproduction, perfecting the art of American-made manufacturing, and maintaining stability in the volatile mobile electronics marketplace.




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